Saturday, July 15, 2017

Fair Share

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com   email: info@glennsimoninc.com


July 15, 2017

Volume 22, Issue 12

Dear Friends and Partners,

Rate hikes may be the story this week, but it really should be a potential $20B oil project. Few other provinces (or countries) have a chance to deal with projects of this magnitude (story below).

While the rate increase affects more Canadian and grabs more attention it is a much lesser story. Premature as it is to increase rates, it is a modest climb at best and will not affect most Canadians negatively.

Central NW Edmonton: North Glenora, Conversion to 4 Unit - Cash flow 

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites.

Zoned RF 4 and on the proposed LRT route, this is a great rental and long-term money maker. 8 minute drive to downtown 12 minutes to Royal Alex Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite.

1954 built, double detached garage, zoned RF4 and wide front yard. Terrific access to local amenities in sought after North Glenora. Purchase price to include major renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. North Glenora is a mature neighbourhood that is convenient for tenants working downtown or attending Grant MacEwan. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre.


Purchase price: $645,000
Total Investment: $147,900 plus $100,000 Purchase Plus Improvement
Your Estimated 5 Year Profit $98,743 or 67%

These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!


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Yedlin: Alberta's economy heightens Bank of Canada challenge 
Deborah Yedlin Calgary Herald July 13, 2017

"Unlike British Columbia, which is expected to lead economic growth for a third consecutive year in 2017, this province is still struggling to get on its collective feet.

The disparity vividly illustrates the challenges faced by the Bank of Canada in managing an economy that varies in strength and prospects from coast to coast.

While many forecasts have shown Alberta finally bouncing off the economic bottom — Royal Bank has predicted growth of 2.9 per cent in 2017 and 3.4 per cent next year — it’s not exactly cause for celebration, given how deep a hole the province is digging out from." READ MORE

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Fort McMurray welcomes $20B oilsands mine proposal, but not its plan to fly in workers 
By David Thurton, CBC News Posted: Jun 28, 2017 5:00 AM MT

"A company's plan to construct a new $20.6-billion oilsands mine is being seen as a potential boost for Fort McMurray's ailing economy.

But even before the project gets the regulatory green light, there's concern the mine wouldn't rely on local labour."We certainly are in an economic circumstance that provides great concern," Mayor Melissa Blake "  JUMP

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Ending the Alberta transfer gravy train would add new dimension to pipeline wars
Claudia Cattaneo: Westerners are sick and tired of transferring vast wealth to the rest of Canada, while having to fight to preserve the industry that fills Ottawa’s coffers
Claudia Cattaneo, Financial Post July 14, 2017

"The debate over pipelines has surfaced some ugly Alberta bashing in recent years, but a new counterpoint is getting increasing traction in the province — no pipelines, no Alberta gravy train to fund federal programs in the rest of the country.

Alberta opposition politicians like Brian Jean are all over this, and if members of his Wildrose Party and of the Progressive Conservatives vote to support a union July 22 to create the United Conservative Party, increasing their chances of unseating the NDP in the next provincial election, expect an escalation of demands to end what is seen as an unfair transfer of wealth from Alberta to the rest of the federation, particularly Quebec, without receiving corresponding benefits along with plenty of blame for oil and gas related environmental impacts.

Jean is seeking a meeting to discuss “equalization fairness” with Prime Minister Justin Trudeau during a visit to Calgary Saturday for the Stampede. He said in a statement the program has been “ripping off Albertans for years” and needs to be redone." READ MORE

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I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.

All some folks want is their fair share and yours. - Arnold H. Glasow

Warm Regards,

Todd and Danielle Millar

Saturday, July 01, 2017

Canada 150

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com   email: info@glennsimoninc.com


July 1, 2017

Volume 22, Issue 11

Dear Friends and Partners,

Happy 150th Canada Day!

Such a young country. So much promise. A great, safe place to live.

Here’s a short article to ponder about Western Canada’s Real Estate Market - great for those BBQ conversations HERE

Enjoy your long weekend and celebrate Canada. 

Central NW Edmonton: North Glenora, Conversion to 4 Unit - Cash flow 

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites.

Zoned RF 4 and on the proposed LRT route, this is a great rental and long-term money maker. 8 minute drive to downtown 12 minutes to Royal Alex Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite.

1954 built, double detached garage, zoned RF4 and wide front yard. Terrific access to local amenities in sought after North Glenora. Purchase price to include major renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. North Glenora is a mature neighbourhood that is convenient for tenants working downtown or attending Grant MacEwan. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre.


Purchase price: $645,000
Total Investment: $147,900 plus $100,000 Purchase Plus Improvement
Your Estimated 5 Year Profit $98,743 or 67%

These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!

=========================

Innovators toil to revive Canada oil sands as majors exit


By Nia Williams & Ernest Scheyder, REUTERS, June 20th., 2017

In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands.

They are searching for a breakthrough that will cut the cost of pumping the tar-like oil from the country's vast underground bitumen reservoirs and better compete with the booming shale industry in the United States.   READ MORE HERE 

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Alberta’s economy shrinks for second year running, but outlook may be improving
By Staff, Canadian Press, June 29th, 2017

EDMONTON - Alberta ended its most recent fiscal year with a $10.8 billion deficit and $33.3 billion in debt, but Finance Minister Joe Ceci said Thursday the economic outlook is improving and the NDP government still plans to balance its books in six years.

The province's year-end financial statement said the Alberta economy shrank by more than seven per cent over 2015 and 2016 as the cratering in oil prices led to tens of thousands of layoffs and sharply cut government revenues.  GRAB THIS ARTICLE

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Hicks on Biz: Alberta heading to a Red October?


By Graham Hicks, Edmonton Sun, June 22nd., 2017

An Edmonton businessman, who has succeeded within Northern Alberta’s roller-coaster economy for some 15 years, sat across from me and shook his head.

“October,” he said. “It’ll catch up to us by October.

“Red October – the streets of Edmonton will run red with financial bleeding.”

Revenues in most Edmonton-based business are either flat, or have mildly dropped year-over-year. Funny how that happens when a 50 per cent drop in oil and gas prices works through an economy.  FOLLOW THIS STORY


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I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.

If a battle can't be won, don't fight it. - Sun Tzu

Warm Regards,

Todd and Danielle Millar